FRANKFURT (dpa-AFX) – After the recent recovery on the German stock market, investors hit the brakes in the middle of the week. Lack of progress on the issue of customs duties and – related to this – news about the AI group Nvidia are weighing on sentiment. Positive news comes from China, where preliminary economic growth in the first quarter was unexpectedly strong at 5.4 percent.
The Dax fell by 0.6 percent to 21,122 points in the first few minutes of trading. On Tuesday, the German leading index, driven by exceptions to US tariffs on cars, had climbed above the much-watched 21,000-point mark, but had rebounded from the previous week’s high of 21,300 points.
The midcap MDAX index lost 0.8 percent on Wednesday morning to 27,047 points. The leading index of the eurozone, the EuroStoxx 50, fell 1.0 percent to 4,919 points./edh/nas
